Acquisition
Wolseley PLC
25 September 2006
NEWS RELEASE
25 September 2006
Wolseley plc
Wolseley plc announces the completion of the acquisition of DT Group
Wolseley announced on 24 July 2006 that it had signed an agreement, conditional
only upon regulatory approval, to acquire DT Group (formerly known as Danske
Traelast). The offer has been approved by the Commission of the European
Communities and completion subsequently took place on 25 September 2006.
__________________________________________________________________________
Enquiries:
Investors/Analysts:
Guy Stainer 0118 929 8744
Head of Investor Relations 07739 778187
John English 001 513 771 9000
Director, Investor Relations North America 001 513 328 4900
Press:
Penny Studholme 0118 929 8886
Director of Corporate Communications 07860 553834
Brunswick 020 7404 5959
Andrew Fenwick
Nina Coad
Notes to Editors
Wolseley plc is the world's largest specialist trade distributor of plumbing and
heating products to professional contractors and a leading supplier of building
materials in North America, the UK and Continental Europe. Group revenues for
the year ended 31 July 2006 were approximately £14.2 billion and operating
profit, before amortisation of acquired intangibles, was £882 million. Wolseley
has more than 79,000 employees operating in 22 countries namely: UK, USA,
France, Canada, Ireland, Italy, The Netherlands, Switzerland, Austria, Czech
Republic, Hungary, Belgium, Luxembourg, Denmark, Sweden, Finland, Norway, San
Marino, Puerto Rico, Panama, Trinidad & Tobago and Mexico. Wolseley is listed
on the London and New York Stock Exchanges (LSE: WOS, NYSE: WOS) and is in the
FTSE 100 index of listed companies.
Certain statements included in this announcement may be forward-looking and may
involve risks, assumptions and uncertainties that could cause actual results to
differ materially from those expressed or implied by the forward looking
statements. Forward-looking statements include, without limitation, projections
relating to results of operations and financial conditions and the Company's
plans and objectives for future operations including, without limitation,
discussions of the Company's business and financial plans, expected future
revenues and expenditures, investments and disposals, risks associated with
changes in economic conditions, the strength of the plumbing and heating and
building materials market in North America and Europe, fluctuations in product
prices and changes in exchange and interest rates. All forward-looking
statements in this respect are based upon information known to the Company on
the date of this announcement. The Company undertakes no obligation to publicly
update or revise any forward-looking statement, whether as a result of new
information, future events or otherwise. It is not reasonably possible to
itemise all of the many factors and events that could cause the Company's
forward-looking statements to be incorrect or that could otherwise have a
material adverse effect on the future operations or results of the Company. No
statement in this announcement is intended to be a profit forecast or to imply
that the earnings per share of Wolseley for the current or future financial
years will necessarily match or exceed the historical or published earnings of
Wolseley.
- ENDS -
This information is provided by RNS
The company news service from the London Stock Exchange
Latest directors dealings
- 41 minutes ago Prudential
- 53 minutes ago Vanquis Banking Group 20
- 3 hours ago Frasers Group
- 3 hours ago Cavendish Financial
- 3 hours ago Diaceutics